PBBC Limited |
Registered number: |
10755593 |
(trading as the Pakistan Britain Business Council) |
Balance Sheet |
as at 30 June 2023 |
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Notes |
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2023 |
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2022 |
£ |
£ |
Current assets |
Debtors |
4 |
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154 |
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654 |
Cash at bank and in hand |
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424 |
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5,809 |
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578 |
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6,463 |
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Creditors: amounts falling due within one year |
5 |
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(24,308) |
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(25,712) |
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Net current liabilities |
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(23,730) |
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(19,249) |
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Net liabilities |
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(23,730) |
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(19,249) |
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Capital and reserves |
Profit and loss account |
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(23,730) |
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(19,249) |
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Shareholders' funds |
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(23,730) |
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(19,249) |
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The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
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J M Hamilton Barns |
Director |
Approved by the board on 19 March 2024 |
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PBBC Limited |
(trading as the Pakistan Britain Business Council) |
Notes to the Accounts |
for the year ended 30 June 2023 |
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1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
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Turnover |
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Turnover consists mainly of membership fees receivable and other services provided. These are measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. |
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Debtors |
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Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
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Creditors |
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Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
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Taxation |
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A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
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Provisions |
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Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |
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2 |
Information concerning the company |
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On 5 May 2017 the Company acquired the business and undertaking of the Pakistan Britain Business Council (formerly the Pakistan Britain Trade & Investment Forum) which had been established by the Pakistan and British Governments in 2002 to promote bilateral trade and investment between the two countries. |
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3 |
Employees |
2023 |
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2022 |
Number |
Number |
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Average number of persons employed by the company |
- |
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- |
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4 |
Debtors |
2023 |
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2022 |
£ |
£ |
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Other debtors |
154 |
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654 |
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5 |
Creditors: amounts falling due within one year |
2023 |
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2022 |
£ |
£ |
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Bank loans and overdrafts |
976 |
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3,795 |
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Other creditors |
23,332 |
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21,917 |
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24,308 |
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25,712 |
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6 |
Other information |
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PBBC Limited is a private company limited by guarantee and incorporated in England. Its registered office is: |
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Tudor Court |
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Vaendre Close, Castleton |
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Cardiff |
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CF3 2UZ |
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The company has no share capital and the liability of each member in the event of winding-up is limited to £1. |